Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Pakistan Forms Committees to Decide Whether Crypto Should Be Legalized or Banned

The Pakistani government has formed three committees to decide whether to establish a legal framework for cryptocurrency or ban it. The committees will review all aspects of the cryptocurrency business and come up with recommendations on the country’s crypto policy. Committees Constituted to Decide on the Legal Status of Cryptocurrency in Pakistan Pakistan’s federal government […]

Retoken Announces Plans to Revolutionize Business Referral Systems

Retoken has unveiled its plans to revolutionize how businesses and individuals benefit from the manufacturer-buyer process. Using incentives, Retoken will attract sellers and consumers working in the market to promote your products and services. CEO of Retoken, Sanan Hasanov, said: “In order to bring measured results to these person-to-person recommendations, we decided to create Retoken. Retoken is a referral bonus system that motivates customers to recommend the products and services they use in their daily life and to get Retoken bonuses for that. This model is not new but by applying blockchain technology, we’ve made it automated, measurable, transparent, and with a limited number of Retokens, we made it profitable.” How the Referral System Works Retoken eliminates the uncertainty associated with unsynchronized bonus incentives through an automated decentralized platform that connects manufacturers and producers with buyers and consumers. Using the Retoken console, manufacturers can implement global, national, or local bonus programs. These can be linked with real business cases, systemizing the process. Buyers and sellers can participate in these bonus programs seamlessly and enjoy the benefits being pushed forth. As customers share feedback on the products they enjoy using the platform, producers can obtain real-time data on the number of products being sold by the number of incentive points contributed to each seller. Buyers who obtain loyalty tokens can also provide rich insights into user preferences as Retoken cultivates positive reinforcements to reward participants for reviewing their preferred products positively. Because of the use of blockchain technology, transactions are immutable and transparent. They also guarantee secure participation and the safety of data. Companies and producers will also benefit from Retoken’s global network. Also, they can form beneficial partnerships that’ll enable the companies to grow vertically. Invariably, this secures access to a new market while providing new business development opportunities. Retoken plans to be a global force operating from at least ten countries and serving over 1000 companies by 2025. To achieve this, it plans to form a transparent mechanism for referral bonuses while providing a simple and understandable service model. The company is also developing highly reliable mobile solutions while generating growing value for its token, Retoken (RETO). One of the colourful event happening soon is that Retoken is getting listed on MacaronSwap, 11th May 2022 and the token will be traded on both CEX and DEX. Get in early! About RETO RETO is a BEP-20 token built on the Binance Smart Chain. The token standard ensures quick transactions, interchain compatibility, attracts low fees, and makes it easy to list the token on decentralized exchanges. It can also be used on the Ethereum network and stored on the Retoken wallet or on any third-party wallet supporting Binance Smart Chain. According to the whitepaper, RETO will have a fixed supply of 1 billion tokens. The limited supply will help the token value to grow in the future as demand for the token increases. Token allocation will be spread across technical development, business development, marketing and PR, finance and legal. Of these, 55% will be allocated to investors and the community, while the core team and advisors will get 20%. 10% will go to the Foundation, 5% to contractors and contingency reserves and 5% to the DEX liquidity pools. There may be plans for a staking pool in the future as 4% of the tokens have been allocated for staking. The remaining 1% is for security and bounty rewards. As it is a global project, RETO will soon be available on centralized exchanges and decentralized exchanges. Listing on these exchanges will make it possible to exchange the fiat of the respective countries directly with the token. The founder of Özbahçeci group, Turan Özbahçeci, noted: “A very high probability that the token will go up and become more profitable because of the limited supply of the token.”

Crypto.com in Crisis Mode as Card Rewards Reduction Sparks Backlash

submitted by /u/ChristianMan710 [link] [comments]

How long will it take for Raven coin to appear

I'm using Trex miner and says I have a balance of 0.226611 but I don't see it on the wallet, how long does this take I started yesterday night still nothing submitted by /u/firefuzzball911 [link] [comments]

Bitcoin-friendly Republican candidate JD Vance wins Ohio Senate primary

Ohio’s midterm election in November will feature a Democrat and Donald Trump-backed Republican who are both friendly to the crypto industry.

Quantum-based random number generator for Web3 games and wallets launched

The QRNG uses a fluctuating quantum system to guarantee unpredictable randomness, which can be used in Web3 gaming and gambling.

TA: Ethereum Prints Bearish Technical Pattern, Why ETH Could Resume Downtrend

Ethereum broke the $2,820 support to enter a bearish zone against the US Dollar. ETH remains at a risk of more downsides below the $2,740 level. Ethereum started a fresh decline after it failed to clear the $2,880 zone. The price is now trading below $2,820 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $2,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,800 and $2,820 resistance levels to start a recovery wave. Ethereum Price Resumes Decline Ethereum attempted an upside break above the $2,900 resistance. However, ETH struggled to clear the $2,880 level and started a fresh decline. There was a break below the $2,850 and $2,820 support levels. The price declined sharply below the 50% Fib retracement level of the upward move from the $2,718 swing low to $2,881 high. There was also a break below a key rising channel with support near $2,820 on the hourly chart of ETH/USD. Ether price is now trading below $2,820 and the 100 hourly simple moving average. It also tested the 76.4% Fib retracement level of the upward move from the $2,718 swing low to $2,881 high. The price is now consolidating near the $2,790 level. On the upside, an initial resistance is seen near the $2,800 level and a connecting bearish trend line on the same chart. The next major resistance is near the $2,820 level and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com A clear move above the $2,820 resistance might start a steady upward move. In the stated case, ether price might rise towards the $2,880 resistance. Any more gains may perhaps open the doors for a move above $2,920. More Losses in ETH? If ethereum fails to gain pace above the $2,820 resistance, it could continue to move down. An initial support on the downside is near the $2,750 zone. The next major support is near the $2,720 level. If there is a downside break below the $2,220 support, the price could gain bearish momentum. In the stated case, there is a risk of a move towards the $2,600 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is below the 50 level. Major Support Level – $2,720 Major Resistance Level – $2,820

GameFi-NFT, Monopoly Millionaire Game, Will Be Pre-Released on May 25

PRESS RELEASE. The gaming ecosystem has been at the forefront of the NFT and other blockchain innovations’ adoption. However, despite the impact of the play-to-earn gaming model in driving blockchain adoption, it has been highly criticised due to most gaming projects’ models. It is believed that blockchain games sacrifice the quality of the gaming experience […]

WSJ says 'the NFT market is collapsing' but the data says otherwise

An article by the WSJ suggesting the non-fungible token (NFT) market is “collapsing” doesn’t show the full picture as contrasting analysis reveal a consolidation is instead taking place.